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UPDATE 1-Beijing’s derivative default stance rattles banks www.reuters.com benjaminfulford.typepad.com www.youtube.com abovelink is my PLAYLIST TITLE NAME BELOW “NWO Stand-off & US dollar Gold backed-Benjamin Fulford” PLAYLISTS RELATED ARE “White Knight Confirmations news” below www.youtube.com “US Military White Knight news” below www.youtube.com “BRIC Countries solve Dollar Collapse using National Currency” below www.youtube.com i have many more PLAYLISTS RELATED click on PLAYLISTS AT TOP IN MY CHANNEL or below www.youtube.com BENJAMINS BLOG AS SHOWN ON YOUTUBE & BLOG 09/03/2009 (Note to English readers: the interview scheduled with Jeff Rense for August 27th will take place on September 1st) Chinese to destroy Feds by refusing to honor fraudulent derivatives contracts The Chinese government has told Chinese companies they do not have to honor derivates and commodity futures contracts made with Western financial institutions. This is one of the most important of many nails in the coffin for the soon to implode Federal Reserve Board. The Chinese have every right to renege on those contracts because they were fraudulent. First of all the Feds manipulated the commodities markets to their benefit and to the detriment of the Chinese. They also allowed 100 times leverage thus allowing for astronomical ponzi schemes to be set up. Furthermore, they almost certainly did not properly explain the risks when they made their deals with the Chinese. Now that their attempt to rip off

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